BNBUSD is trying to bottom. The best thing that could happen would be for 15 to hold as support. The next best thing that could happen is BNBUSD could achieve a weekly close above 17. 17 is the 62% retracement of the move from inception to the 2019 high.
Bottom Line: We may or may not be in dreamland on this, but we drew an Elliot Wave map on what BNB could look like if it can rally back to old high and beyond. Assuming the crypto market doesn't fall apart, we think this wave structure could prove influential.
Bottom Line: We may or may not be in dreamland on this, but we drew an Elliot Wave map on what BNB could look like if it can rally back to old high and beyond. Assuming the crypto market doesn't fall apart, we think this wave structure could prove influential.